Musk's trillion-dollar rise runs on private stakes, not just government cash
“Elon Musk is only a trillionaire because of government contracts and loans. He's not an entrepreneur — he's a nepo baby mooching off American taxpayers.”
Elon Musk crossed $1 trillion in net worth on June 12, 2026, after the SpaceX initial public offering, with his fortune tied primarily to his ownership stakes in SpaceX and Tesla, according to Forbes and Bloomberg tracking. Reporting does show Musk's companies have received roughly $38 billion in U.S. government contracts, loans, subsidies, and tax credits since 2003, with...